Temasek’s next challenge: Succession

By most accounts, Singapore investment firm Temasek Holdings, which turns 40 next year, has just enjoyed a bumper year. Buoyed by a strong showing on equity markets, the value of its portfolio rose to a record high of $215 billion as at March 31, it reported last Thursday. This was an 8.6 per cent jump over last year’s $198 billion.
Total shareholder return - a measure of how hard investment funds have worked - was 8.86 per cent, nearly double the 4.6 per cent pace of the previous year.The net profit for the entire stable of Temasek’s companies also stood at an impressive $11 billion, unchanged from a year earlier………………………………………..Full Article: Source